Andor Wenneson Historic Inn

Peterson, Minnesota
www.andorwennesoninn.com/business-opportunity
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Property Type
Bed & Breakfast / Inn
Guest Rooms
9
Baths
11
Restaurant
No
Owners Quarters
Yes
Asking Price
$275,000

Occupancy Rate
45%
Average Daily Rate
$84
Gross Revenue
$60,000
Gross Revenue Multiplier
5

Property Overview

The Andor Wenneson Inn is located in the peaceful, quiet town of Peterson, Minnesota, just steps away from the Root River State Trail. Peterson is only 15 miles from Lanesboro, the bed and breakfast capital of Minnesota, and 4 miles from Rushford, a good size town with all the amenities anyone could need. The home boasts over 5,000 sq. ft. containing 10 guestrooms and 11 bathrooms which features a private owner's quarters.


Property Description

Are you ready for the opportunity of a lifetime? The 1904 Inn was completely restored in the early 1990's keeping it's historic charm yet offering the modern conveniences of space and functional electric outlets. The original structure boasts 5 guest rooms plus the owner's quarters. A few years later a carriage house and garage were added to the property adding another 4 guest rooms and a 3 car heated garage. The possibilities are endless! Make it your single family home, continue operations as an income-producing bed & breakfast business, or easily convert the home into apartments.


Business Description


Reason for Selling

The owners are looking to travel with their family across the country living in their bus.


Terms & Asking Price

Accepting conventional, cash, or possible contract for deed with a high downpayment.